Iraq says to comply with OPEC deal despite oil export capacity rise

[January 29, 2018] LONDON (Reuters) - Iraq will comply with the OPEC output reduction deal even though it is working hard to increase its oil export capacity from both the country's south and north, its oil minister said on Monday.

Iraqi Oil Minister Jabar al-Luaibi attends the opening ceremony for a new gas plant at Badra oilfield in Kut province, Iraq December 6, 2017. REUTERS/Thaier Al-Sudani

Jabar al-Luaibi told a Chatham House conference in London Iraq's total capacity has reached 5 million barrels per day (bpd), including 4.6 million bpd from the south.

He said Iraq hoped to more than double production from the northern Kirkuk oilfields with the help of BP.

(Reporting by Alex Lawler and Dmitry Zhdannikov; editing by Jason Neely)

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